Performance Pay Gaining Support Among Canadian Employees, According to Global Survey by Kelly Services(R)
24 Juin 2013 - 1:30PM
Marketwired
There is widespread support for performance-based pay among
employees, according to the latest findings from the Kelly Global
Workforce Index (KGWI), an annual survey conducted by workforce
solutions leader Kelly Services. The survey analyzed responses from
more than 120,000 respondents in 31 countries, including more than
5,000 in Canada.
Survey results show that a total of 40 percent of respondents in
Canada have their pay based on some form of performance or
productivity targets, according to the latest findings from the
KGWI, while nearly a third of respondents are on variable pay
arrangements.
Among those not on performance-based pay, 43 percent say they
would be more productive if they had their earnings linked to
performance/productivity outcomes.
Kristin Supancich, Vice President and General Manager of
Canadian Operations for Kelly Services, said the trend reflects
widespread recognition that organizations and individuals perform
best when their interests are aligned, including through
incentive-based pay.
"There are many employees who are clearly confident in their
ability to perform their jobs well, and would like the opportunity
to be compensated according to their performance."
Results of the survey in Canada also show:
- The incidence of performance pay is higher among younger
workers in the Gen Y and Gen X demographics, and also among males,
and those with professional or technical careers.
- When asked to choose between pay for overtime worked, and
pay-for-performance, more than half (53 percent) opt for
pay-for-performance.
- Only half of those surveyed agree that their current pay is
equitable.
- Among Professional and Technical employees, the highest rates
of performance-based pay are in sales (68 percent), engineering (53
percent), marketing (53 percent), and IT (46 percent).
Performance based pay includes any arrangement where an element
of the total remuneration is tied to meeting performance targets,
including profit sharing, performance bonuses and sales
commissions.
Supancich said a renewed focus on ways of lifting productivity
in enterprises has placed added emphasis on the role of
remuneration in raising business performance.
"Performance based incentive plans can be a win-win situation.
Employees can benefit from the opportunity to work smarter and
boost their earnings capacity, while employers benefit from
increased productivity and a more engaged workforce," Supancich
said.
Complete findings are published in a new report, Paying for
Performance. For more information about the Kelly Global Workforce
Index and key regional and generational findings, please visit the
Kelly® Press Room. Canadian results can be found by visiting
kellyservices.ca.
About the Kelly Global Workforce
Index™
The Kelly Global Workforce Index is an annual survey revealing
opinions about work and the workplace from a generational
viewpoint. Approximately 122,000 people from the Americas, APAC and
EMEA participated in the survey. Results will be published
throughout 2013 on a variety of topics such as employee retention,
social media and technology, and the changing workplace. Visit
www.kellyservices.com to review findings on the current topic.
About Kelly Services®
Kelly Services, Inc. (NASDAQ: KELYA) (NASDAQ: KELYB) is a leader
in providing workforce solutions. Kelly offers a comprehensive
array of outsourcing and consulting services as well as world-class
staffing on a temporary, temporary-to-hire, and direct-hire basis.
Serving clients around the globe, Kelly provides employment to more
than 550,000 employees annually. Revenue in 2012 was $5.6 billion.
Visit www.kellyservices.com and connect with us on Facebook,
LinkedIn, & Twitter. Download The Talent Project, a free iPad
app by Kelly Services.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Media Contact: Jane Stehney Kelly Services, Inc.
(248) 244-5630 stehnja@kellyservices.com
Kelly Services (NASDAQ:KELYA)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Kelly Services (NASDAQ:KELYA)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024